The On-Demand recording will be available immediately upon purchase* as a link within a PDF file of the accompanying written materials. CDs and printed materials are shipped via USPS.

Overcoming Restrictive Indirect Cost Recovery Policies

There’s a big hole in the federal government’s policies on indirect cost recovery on federal grants. It involves two categories with literally thousands of organizations in each. The first group is local governments that are not considered by the U.S. Office of Management and Budget to be “major” ones. (BTW, OMB’s list of major ones includes only a few hundred out of about 80,000 nationwide.)

The second set includes any organization that only receives federal awards as a subrecipient. Your guess is as good as anyone’s how many of these there are.

For these recipients and subrecipients, there is currently no way to obtain an indirect cost rate agreement that is negotiated with a federal cognizant agency. Federal agency cost negotiators simply refuse to deal with anyone with which their agency doesn’t have a direct funding relationship.

What these unlucky organizations are often told in their grant and subgrant agreements is that, without a federally negotiated rate, they won’t be getting any indirect cost recovery. Talk about being between a rock and hard place!

Further, don’t the federal cost principles say that an organization should prepare an indirect cost allocation plan and rate calculation, and either hold it for audit or submit it to their primary grantee for negotiation? How does an affected organization get by this logjam?

Advancing workable ways to get primary grantees into the negotiation business;

Getting primary grantees to accept the rate you’ve developed;

Obtaining support for your rate calculation through your annual audit; and

Giving you a heads up on what OMB is considering as part of its grant reform effort.

Level: BasicPrerequisites: Some knowledge of federal grants management is helpful but not necessaryAdvanced preparation: None

Hand-out Materials

Attendees will receive presentation slides as well as access to background documents.

Course Instructor

BOB LLOYD is a respected authority on policies and practices affecting the award, administration and oversight of federal grants, contracts and subawards. Mr. Lloyd has more than 40 years of experience in federal award implementation. Prior to starting his management consulting practice in Washington, D.C., in 1982, he served as the executive director of the Grants Management Advisory Service and held staff positions in two large federally funded organizations. Since then, he has been a consultant, trainer or advisor to award and audit units in 16 federal award-making departments and agencies, and to recipient and subrecipient organizations and their professional advisors located in all 50 states, the District of Columbia, several U.S. territories and 18 foreign countries. He is the principal author of several reference works on federal grants management and audits, and currently serves as contributing editor to Federal Grants News, published by Atlantic Information Services. He also is a Charter Life Member of the National Grants Management Association and served on its Board of Directors for five years.

Who Should Attend?

Finance directors

Accounting staff

Grant and contract managers

Sponsored programs administrators

Budget specialists

Internal auditors

External auditors

Allowable Charges

The costs of webinars sponsored by Federal Fund Management Advisor are allowable charges to your federal grants and subgrants. Each of the sets of federal cost principles issued by OMB for federal awards administered by state, local, and tribal governments, colleges and universities, and nonprofit organizations explicitly states that the costs of training for employee development and vocational effectiveness are allowable. For your records, the specific citations are:

Shipping Information

CDs (and accompanying written materials) are shipped via UPS. Please give us your street address when you order (UPS does not deliver to PO boxes). You should receive your order within two weeks.* Shipping and handling cost is $12.

The On-Demand Recording will be delivered as a link within a PDF file of the accompanying written materials. Shipping will NOT be charged for this item.

If you order the On-Demand Recording before the conference date (by itself or in combination with the live Webinar), you will be sent an email with the PDF file attached once the recording is available.*

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*On-Demand recordings will be available within a week of the conference and CDs will be available within two weeks.